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Unclaimed Wages or Escheat laws are those of each state that requires employers to report and remit amounts for checks that are uncashed by employees. Escheat or unclaimed wages can become a large compliance issue for employers if they are not following the requirements of each state for reporting and remitting purposes.

This webinar will review the laws of all 50 states in regards to unclaimed wages.  And will help the participant understand the difference between reporting and remitting.  It will help the participant to understand what is considered unclaimed and Escheat. This webinar will also discuss the complexities and challenges associated with Escheat or unclaimed wages

Webinar Agenda
  •  
  • What is unclaimed Properties?
  • When is property considered abandoned?
  • Employer/Company risk
  • How to handle an audit?
  • Unclaimed Properties Compliance
  • Special Payroll Concerns
  • Best Practices
Webinar Highlights
  • What are unclaimed properties
  • Difference between tangible and intangible property
  • Review of state law dormancy period
  • Who must worry about unclaimed property?
  • What companies are at higher risk of audit
  • Record Retention requirements
  • Review of the meaning of due diligence in relation to trying to notify the employee of pay owed.
Who Should Attend

Payroll and Tax Professionals

Credit(S)

IRS CPE Credits: 1 Tax hour

Dayna J Reum

Dayna is currently the Director of Payroll Operations at a major medical center in Chicago. Dayna has been heavily involved in the payroll field over 20 years. Starting as a payroll clerk at a small Tucson company, Dayna moved on to be a Payroll Team Leader at Honeywell Inc. During Dayna’s time at Honeywell she obtained her FPC (Fundamental Payroll Certification) through the American Payroll Association. She also received several merit awards for Customer Service and Acquisitions and Divestitures. Dayna is no stranger to teaching she has taught at the Metro Phoenix American Payroll Association meetings and at the Arizona State Payroll Conference. Topics including Payroll Basics, Global/Cultural Awareness, Immigration Basics for the Payroll Professional, Multi-State and Local Taxation and Quality Control for Payroll, International and Canadian payroll. Dayna has her CPP (Certified Payroll Professional) through the APA. She also serves on the National American Payroll Association on the National Strategic Leadership Task Force, Government Affairs Task Force (PA Local tax subcommittee). Dayna has received a Citation of Merit for her service along with being a Gold Pin member of the APA. Besides her payroll accomplishments Dayna is certified in HR hiring and firing practices and is a Six-Sigma Greenbelt.

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